Primeroute Limited

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primeroute limited Company Information

Live

Mature

Company Number

05494312

Next Accounts

27 days late

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Eliasz Englander

Shulem Englander

Shareholders

grandsoft ltd

Group Structure

View All

Contact

Registered Address

new burlington house, 1075 finchley road, london, NW11 0PU

Website

www.primeroutegh.com

primeroute limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PRIMEROUTE LIMITED at £0 based on a Turnover of £0 and 3.44x industry multiple (adjusted for size and gross margin).

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Primeroute Limited is a live company located in london, NW11 0PU with a Companies House number of 05494312. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2005, it's largest shareholder is grandsoft ltd with a 100% stake. Primeroute Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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There is insufficient data available to calculate a health check for Primeroute Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

1 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Primeroute Limited's latest turnover from March 2023 is estimated at 0 and the company has net assets of -£27.6 million. According to their latest financial statements, we estimate that Primeroute Limited has no employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	0	0	2,511,180	3,320,165	3,193,080	3,272,323	3,215,278	2,818,734	1,999,426	2,798,420	2,848,011	2,901,794	3,002,940	2,982,177
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	702,275	655,112	783,721	575,484	561,918	464,376	368,050	523,765	644,789	471,294	411,687	444,818
Gross Profit	0	0	1,808,905	2,665,053	2,409,359	2,696,839	2,653,360	2,354,358	1,631,376	2,274,655	2,203,222	2,430,500	2,591,253	2,537,359
Admin Expenses	-2,163,405	26,841,107	1,647,993	15,185,942	2,547,849	3,578,208	1,113,177	6,121	6,251	19,966	8,992	-10,448	-2,354	-3,683
Operating Profit	2,163,405	-26,841,107	160,912	-12,520,889	-138,490	-881,369	1,540,183	2,348,237	1,625,125	2,254,689	2,194,230	2,440,948	2,593,607	2,541,042
Interest Payable	2,169,349	714,298	2,451,147	2,201,040	2,196,965	2,021,002	2,109,632	1,966,358	1,307,293	1,977,837	2,214,097	2,489,555	2,502,269	2,501,421
Interest Receivable	97	17	539	0	1,466	2,794	601	688	9,777	22,540	24,434	4,772	4,160	4,305
Pre-Tax Profit	-5,846	-27,555,388	-2,289,696	-14,721,929	-2,335,455	-2,899,577	-568,848	3,165,974	327,609	-8,414,217	4,567	-43,835	95,498	43,926
Tax	0	0	0	0	0	0	0	0	0	-84,531	-4,000	0	-19,449	-5,114
Profit After Tax	-5,846	-27,555,388	-2,289,696	-14,721,929	-2,335,455	-2,899,577	-568,848	3,165,974	327,609	-8,498,748	567	-43,835	76,049	38,812
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,846	-27,555,388	-2,289,696	-14,721,929	-2,335,455	-2,899,577	-568,848	3,165,974	327,609	-8,498,748	567	-43,835	76,049	38,812
Employee Costs	0	0	493,668	619,220	642,348	665,077	598,739	472,500	325,000	446,167	479,570	478,735	490,994	519,953
Number Of Employees	0	0	18	22	24	26	23	18	13	18	20	20	21	21
EBITDA*	2,163,405	-26,841,107	701,944	-12,414,618	-35,069	-766,929	1,639,911	2,395,492	1,776,576	2,295,361	2,219,127	2,465,845	2,617,504	2,564,939

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	29,000,000	32,250,000	47,500,000	50,000,000	52,500,000	52,500,000	44,146,216	44,000,000	52,274,457	50,580,444	50,393,745	50,388,615
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	29,000,000	32,250,000	47,500,000	50,000,000	52,500,000	52,500,000	44,146,216	44,000,000	52,274,457	50,580,444	50,393,745	50,388,615
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	311,372	150,261	202,874	80,356	21,997	23,188	12,986	135,748	237,253	312,306	180,834	170,110
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	85,211	382,581	829,483	716,503	0	774,695	769,401	1,131,191	649,838	806,439	857,424	330,748	494,214	332,447
Cash	0	4,578	749,967	327,927	184,753	206,132	249,122	1,431,757	1,231,005	1,810,529	5,109,608	2,004,994	1,807,542	1,855,117
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	85,211	387,159	1,890,822	1,194,691	924,057	1,061,183	1,040,520	2,586,136	1,893,829	2,752,716	6,204,285	2,648,048	2,482,590	2,357,674
total assets	85,211	387,159	30,890,822	33,444,691	48,424,057	51,061,183	53,540,520	55,086,136	46,040,045	46,752,716	58,478,742	53,228,492	52,876,335	52,746,289
Bank overdraft	0	0	0	0	356,250	0	0	0	0	0	0	0	0	0
Bank loan	0	0	28,549,767	356,250	0	356,000	356,000	178,125	0	28,054,710	356,273	45,289,523	109,000	109,000
Trade Creditors	0	0	101,791	21,877	78,878	75,155	27,571	327,622	59,440	15,170	865,498	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	149,523	0	0	0	0	22,500	60,000	50,000
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,496	435,223	1,210,338	968,882	0	710,658	680,942	2,006,105	1,089,331	2,226,708	2,151,155	1,748,174	1,736,157	1,695,135
total current liabilities	2,496	435,223	29,861,896	1,347,009	1,295,462	1,292,938	1,214,036	2,511,852	1,148,771	30,296,588	3,372,926	47,060,197	1,905,157	1,854,135
loans	21,164,377	21,164,377	22,931,987	28,527,455	0	29,312,679	29,540,265	29,699,759	27,787,500	0	41,289,688	6,388,068	51,147,116	51,144,141
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	6,479,548	6,342,923	6,378,618	29,555,569	0	29,148,362	28,579,438	28,098,896	25,494,119	25,174,082	14,035,334	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	27,643,925	27,507,300	29,310,605	58,083,024	58,260,952	58,461,041	58,119,703	57,798,655	53,281,619	25,174,082	55,325,022	6,388,068	51,147,116	51,144,141
total liabilities	27,646,421	27,942,523	59,172,501	59,430,033	59,556,414	59,753,979	59,333,739	60,310,507	54,430,390	55,470,670	58,697,948	53,448,265	53,052,273	52,998,276
net assets	-27,561,210	-27,555,364	-28,281,679	-25,985,342	-11,132,357	-8,692,796	-5,793,219	-5,224,371	-8,390,345	-8,717,954	-219,206	-219,773	-175,938	-251,987
total shareholders funds	-27,561,210	-27,555,364	-28,281,679	-25,985,342	-11,132,357	-8,692,796	-5,793,219	-5,224,371	-8,390,345	-8,717,954	-219,206	-219,773	-175,938	-251,987

	Mar 2023	Mar 2022	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,163,405	-26,841,107	160,912	-12,520,889	-138,490	-881,369	1,540,183	2,348,237	1,625,125	2,254,689	2,194,230	2,440,948	2,593,607	2,541,042
Depreciation	0	0	541,032	106,271	103,421	114,440	99,728	47,255	151,451	40,672	24,897	24,897	23,897	23,897
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	-84,531	-4,000	0	-19,449	-5,114
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-297,370	382,581	274,091	663,890	-652,177	63,653	-362,981	491,555	-431,853	-152,490	451,623	-31,994	172,491	502,557
Creditors	0	0	79,914	-57,001	3,723	47,584	-300,051	268,182	-806,058	-850,328	865,498	0	0	0
Accruals and Deferred Income	-432,727	435,223	241,456	968,882	-710,658	29,716	-1,325,163	916,774	-1,061,824	75,553	402,981	12,017	41,022	1,695,135
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,028,048	-26,788,465	749,223	-12,166,627	-89,827	-753,282	377,678	3,088,893	340,547	1,588,545	3,031,983	2,509,856	2,466,586	3,752,403
Investing Activities
capital expenditure	0	0	2,708,968	15,143,729	2,396,579	2,385,560	-99,728	-8,401,039	7,976,790	8,233,785	-1,718,910	-211,596	-29,027	-50,412,512
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	2,708,968	15,143,729	2,396,579	2,385,560	-99,728	-8,401,039	7,976,790	8,233,785	-1,718,910	-211,596	-29,027	-50,412,512
Financing Activities
Bank loans	0	0	28,193,517	356,250	-356,000	0	177,875	178,125	-356,273	27,698,437	-44,933,250	45,180,523	0	109,000
Group/Directors Accounts	0	0	0	0	0	-149,523	149,523	0	0	0	-22,500	-37,500	10,000	50,000
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	21,164,377	-5,595,468	28,527,455	-29,312,679	-227,586	-159,494	1,912,259	-13,502,188	-41,289,688	34,901,620	-44,759,048	2,975	51,144,141
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	136,625	6,342,923	-23,176,951	29,555,569	-29,148,362	568,924	480,542	2,604,777	11,458,785	11,138,748	14,035,334	0	0	0
share issue	0	24	-6,641	-131,056	-104,106	0	0	0	-8,498,748	0	0	0	0	-290,799
interest	-2,169,252	-714,281	-2,450,608	-2,201,040	-2,195,499	-2,018,208	-2,109,031	-1,965,670	-1,297,516	-1,955,297	-2,189,663	-2,484,783	-2,498,109	-2,497,116
cash flow from financing	-2,032,627	26,793,043	-3,036,151	56,107,178	-61,116,646	-1,826,393	-1,460,585	2,729,491	-12,195,940	-4,407,800	1,791,541	-2,100,808	-2,485,134	48,515,226
cash and cash equivalents
cash	-4,578	4,578	422,040	143,174	-21,379	-42,990	-1,182,635	200,752	-3,878,603	-3,299,079	3,104,614	197,452	-47,575	1,855,117
overdraft	0	0	0	-356,250	356,250	0	0	0	0	0	0	0	0	0
change in cash	-4,578	4,578	422,040	499,424	-377,629	-42,990	-1,182,635	200,752	-3,878,603	-3,299,079	3,104,614	197,452	-47,575	1,855,117

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRIMEROUTE LIMITED group structure

Primeroute Limited has no subsidiary companies.

Ultimate parent company

CITYWISE LIMITED

03830093

GRANDSOFT LIMITED

03771024

2 parents

PRIMEROUTE LIMITED

05494312

PRIMEROUTE LIMITED Shareholders

grandsoft ltd

100%

Primeroute Limited currently has 2 directors. The longest serving directors include Mr Eliasz Englander (Jul 2005) and Mr Shulem Englander (Jan 2022).

officer	country	age	start	end	role
Mr Eliasz Englander		92 years	Jul 2005	-	Director
Mr Shulem Englander		64 years	Jan 2022	-	Director

P&L

March 2023

turnover

operating profit

2.2m

gross margin

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-27.6m

total assets

85.2k

-0.78%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05494312

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2005

ultimate parent company

CITYWISE LIMITED

previous names

N/A

address

new burlington house, 1075 finchley road, london, NW11 0PU

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 8 charges/mortgages relating to primeroute limited. Currently there are 7 open charges and 1 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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primeroute limited Company Information

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primeroute limited Estimated Valuation

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